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The road to freedom : economics and the good society / Joseph E. Stiglitz

By: Stiglitz, Joseph EMaterial type: TextTextLanguage: English Publisher: India : Allen Lane, 2024Description: xxiv, 356 pages ; 25 cmISBN: 9780241703878Subject(s): Economic conditions freedom -- United StatesDDC classification: 330.12
Contents:
Introduction : freedom in danger How economists think about freedom One person's freedom is another person's unfreedom Freedom, a competitive economy and social justice The freedom to exploit Social coercion and social cohesion The concerted shaping of individuals and their beliefs Tolerance, social solidarity, and freedom Neoliberalism capitalism : why it failed Freedom, sovereignty, and coercion among states Progressive capitalism, social democracy, and a learning society Democracy, freedom, social justice, and the good society
Summary: Despite its manifest failures, the narrative of neoliberalism retains its grip on the public mind and the policies of governments all over the world. By this narrative, less regulation and more ‘animal spirits’ capitalism produces not only greater prosperity, but more freedom for individuals in society - and is therefore morally better. But, in The Road to Freedom Stiglitz asks, whose freedom are we – should we be – thinking about? What happens when one person’s freedom comes at the expense of another’s? Should the freedoms of corporations be allowed to impinge upon those of individuals in the ways they now do? Taking on giants of neoliberalism such as Hayek and Friedman and examining how public opinion is formed, Stiglitz reclaims the language of freedom from the right to show that far from ‘free’ – unregulated – markets promoting growth and enterprise, they in fact reduce it, lessening economic opportunities for majorities and siphoning wealth from the many to the few – both individuals and countries. He shows how neoliberal economics and its implied moral system have impacted our legal and social freedoms in surprising ways, from property and intellectual rights, to education and social media.
List(s) this item appears in: New Arrivals - September 1st to 30th 2024
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Introduction : freedom in danger
How economists think about freedom
One person's freedom is another person's unfreedom
Freedom, a competitive economy and social justice
The freedom to exploit
Social coercion and social cohesion
The concerted shaping of individuals and their beliefs
Tolerance, social solidarity, and freedom
Neoliberalism capitalism : why it failed
Freedom, sovereignty, and coercion among states
Progressive capitalism, social democracy, and a learning society
Democracy, freedom, social justice, and the good society

Despite its manifest failures, the narrative of neoliberalism retains its grip on the public mind and the policies of governments all over the world. By this narrative, less regulation and more ‘animal spirits’ capitalism produces not only greater prosperity, but more freedom for individuals in society - and is therefore morally better. But, in The Road to Freedom Stiglitz asks, whose freedom are we – should we be – thinking about? What happens when one person’s freedom comes at the expense of another’s? Should the freedoms of corporations be allowed to impinge upon those of individuals in the ways they now do? Taking on giants of neoliberalism such as Hayek and Friedman and examining how public opinion is formed, Stiglitz reclaims the language of freedom from the right to show that far from ‘free’ – unregulated – markets promoting growth and enterprise, they in fact reduce it, lessening economic opportunities for majorities and siphoning wealth from the many to the few – both individuals and countries. He shows how neoliberal economics and its implied moral system have impacted our legal and social freedoms in surprising ways, from property and intellectual rights, to education and social media.

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